Indian rupee on Thursday weakened against US dollar trading losses in local and global equity markets.
At 9.15am, the home currency was trading at 73.31 a dollar, down 0.20% from its Wednesday’s close of 73.16. The currency opened at 73.30 a dollar.
The 10-year gilt yield stood at 7.853% from its previous close of 7.872%. Bond yields and prices move in opposite directions.
Benchmark Sensex fell 0.32% or 142.86 points to 33,891.10 points. Year to date, it has fell 0.23%.
So far this year, the rupee has declined 13%, while foreign investors have sold $4.63 billion and $9.03 billion in the equity and debt markets, respectively.
Asian currencies were trading mixed. Japanese yen was up 0.15%, Thai Baht 0.15%, Singapore dollar 0.07%. However, South Korean won was down 0.42%, Taiwan dollar 0.10%, Philippines peso and China Offshore were down 0.06% each.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 96.279, down 0.16% from its previous close of 96.434.